A partnership firm is a form of business entity in India where two or more parties come through the bond of cooperation in order to conduct a business together. Partnership firm registration is an easy process. The reason for this is because there is no need to fulfil any sort of stringent business requirement. Furthermore, this form of registration is not mandatory either. All the matters are up to the partners as to whether they want to register their firm not. If you do decide that you want to register your firm, then you should know the answer to the question- What documents do you need to start a partnership firm?
When it comes to partnership deed, there is no reason for it to be anything but oral. However, in order to avoid any sort of future conflict, a partnership deed should be created on a stamp paper worth INR 2,000/-. Then, the partners of the firm would have to sign this deed. It entails the rights and duties of the partners and of the firm.
These documents will entail the following:
The partners need to submit an affidavit that servers as a declaration that all the documents that are provided for partnership firm registration are correct and in order.
GST registration is also a necessary requirement for a partnership firm. In order to get this registration, the partners will need the following documents:
In order to get your hands on the bank account of the partnership firm, you will need the following documents: